Nifty 50, S&P 500 versus Gold: Lessons to learn from the yellow metal’s boom in the last 5 decades
The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary…
What insurance numbers do not reveal
India is often described as an “underinsured” country. This claim is usually backed by two numbers that appear regularly in official speeches, policy papers, and media commentary: life insurance penetration and density. Low values of these indicators are taken as proof that insurance coverage in India is inadequate and that large sections of the population…
Gold is heading for its worst week in over 40 years. Here’s why
Bullion-backed ETFs are set for a third week of outflows, with holdings falling more than 60 tonnes in that period, data compiled by Bloomberg show. Gold headed for its biggest weekly loss since 1983, as war in the Middle East boosted energy prices and reduced expectations for interest-rate cuts. Bullion’s decline deepened as the dollar…
Mcap of five of top-10 most valued firms erodes by ₹1 lakh crore; HDFC Bank biggest laggard
Image used for representational purposes. File | Photo Credit: Getty Images/iStockphoto The combined market valuation of five of the top-10 most-valued firms eroded by ₹1 lakh crore last week, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04%, and the NSE Nifty slipped 36.6 points, or…
Bullion Cues: Gold futures & silver futures could slip more
But, a short-lived recovery is likely
Air India CEO warns of travel demand hit as fuel costs surge, flags possible flight cuts
“Not every customer is willing to pay higher airfares, so there is a limit to how high we can price before demand drops,” Air India CEO Campbell Wilson said. File | Photo Credit: The Hindu Air India CEO Campbell Wilson warned airline employees of a possible travel demand squeeze due to the rising cost of…
Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions
Refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by the U.S.-Israeli war on Iran, traders said. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Refiners plan to resume buying Iranian oil while…
How FDI can transform India’s gold and jewellery export ecosystem
India’s gold and jewellery sector is a storied titan—employing over 4.6 million artisans and contributing nearly 7 per cent to total merchandise exports. Yet, despite this cultural legacy, India’s share in the global fine jewellery market remains modest relative to its craftsmanship depth. The missing catalyst is sustained, strategic Foreign Direct Investment (FDI). FDI in…
Iran war impact: Pesticide industry warns of price rise, spread of fake materials
A farmer sprays pesticides in a watermelon field, in Nagaon. File. | Photo Credit: ANI CropLife India, an umbrella body of various pesticide manufacturers, has warned of about 20-25% increase in the pesticide and crop protection chemicals as an impact of the war in West Asia. They said the increase in prices is driven by…
Price of premium petrol up ₹2 per litre, government says no impact on common man
The government, however, assured that this is limited only to the premium variants and that the prices of the normal grades of petrol and diesel remain unchanged. | Photo Credit: Muthuganesapandy. M In what could be the first sign of cracks due to the fiscal stress brought on by skyrocketing global oil prices, Indian oil-marketing…
As gold prices fall, Gudi Padwa and Ugadi boost jewellery sales in India
The over 10 per cent fall in gold prices over the past month has boosted gold jewellery sales on the occasions of Gudi Padwa and Ugadi on Thursday. The All India Gem and Jewellery Domestic Council estimated that sales were 10 per cent higher compared to last year in terms of value. On Friday, gold…
